Digital disruption diversified: FinTechs and the emergence of a coopetitive market ecosystem

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Digital disruption diversified : FinTechs and the emergence of a coopetitive market ecosystem. / Larsson, Bengt ; Rolandsson, Bertil; Ilsøe, Anna; Larsen, Trine Pernille; Lehr, Alex; Masso, Jaan .

In: Socio-Economic Review, 22.07.2023.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Larsson, B, Rolandsson, B, Ilsøe, A, Larsen, TP, Lehr, A & Masso, J 2023, 'Digital disruption diversified: FinTechs and the emergence of a coopetitive market ecosystem', Socio-Economic Review. https://doi.org/10.1093/ser/mwad046

APA

Larsson, B., Rolandsson, B., Ilsøe, A., Larsen, T. P., Lehr, A., & Masso, J. (2023). Digital disruption diversified: FinTechs and the emergence of a coopetitive market ecosystem. Socio-Economic Review. https://doi.org/10.1093/ser/mwad046

Vancouver

Larsson B, Rolandsson B, Ilsøe A, Larsen TP, Lehr A, Masso J. Digital disruption diversified: FinTechs and the emergence of a coopetitive market ecosystem. Socio-Economic Review. 2023 Jul 22. https://doi.org/10.1093/ser/mwad046

Author

Larsson, Bengt ; Rolandsson, Bertil ; Ilsøe, Anna ; Larsen, Trine Pernille ; Lehr, Alex ; Masso, Jaan . / Digital disruption diversified : FinTechs and the emergence of a coopetitive market ecosystem. In: Socio-Economic Review. 2023.

Bibtex

@article{8a3d238b5b014278a9a25bc284cf00fb,
title = "Digital disruption diversified: FinTechs and the emergence of a coopetitive market ecosystem",
abstract = "This article analyses the development of FinTech companies in relation to traditional banks in four countries: Denmark, Estonia, the Netherlands and Sweden. Based on approaches drawn from the sociology of markets and field theory, we analyse and theorize about empirical data from secondary sources, official documents and 38 interviews with key actors. Whereas digital technologies have been commonly depicted as a source of disruption for established business models, suggesting that the rise of FinTech leads to competitive upheaval in the financial sector, more recent studies argue that such interpretations are exaggerated. Here, we propose the emergence of a {\textquoteleft}coopetitive{\textquoteright} market ecosystem that combines co-operative and competitive connections between incumbents and challengers who often share the sameinfrastructure. FinTech firms are shown to function as catalysts in the transformation towards this ecosystem shaped by coopetitive interdependence between the actors.",
author = "Bengt Larsson and Bertil Rolandsson and Anna Ils{\o}e and Larsen, {Trine Pernille} and Alex Lehr and Jaan Masso",
year = "2023",
month = jul,
day = "22",
doi = "10.1093/ser/mwad046",
language = "English",
journal = "Socio-Economic Review",
issn = "1475-1461",
publisher = "Oxford University Press",

}

RIS

TY - JOUR

T1 - Digital disruption diversified

T2 - FinTechs and the emergence of a coopetitive market ecosystem

AU - Larsson, Bengt

AU - Rolandsson, Bertil

AU - Ilsøe, Anna

AU - Larsen, Trine Pernille

AU - Lehr, Alex

AU - Masso, Jaan

PY - 2023/7/22

Y1 - 2023/7/22

N2 - This article analyses the development of FinTech companies in relation to traditional banks in four countries: Denmark, Estonia, the Netherlands and Sweden. Based on approaches drawn from the sociology of markets and field theory, we analyse and theorize about empirical data from secondary sources, official documents and 38 interviews with key actors. Whereas digital technologies have been commonly depicted as a source of disruption for established business models, suggesting that the rise of FinTech leads to competitive upheaval in the financial sector, more recent studies argue that such interpretations are exaggerated. Here, we propose the emergence of a ‘coopetitive’ market ecosystem that combines co-operative and competitive connections between incumbents and challengers who often share the sameinfrastructure. FinTech firms are shown to function as catalysts in the transformation towards this ecosystem shaped by coopetitive interdependence between the actors.

AB - This article analyses the development of FinTech companies in relation to traditional banks in four countries: Denmark, Estonia, the Netherlands and Sweden. Based on approaches drawn from the sociology of markets and field theory, we analyse and theorize about empirical data from secondary sources, official documents and 38 interviews with key actors. Whereas digital technologies have been commonly depicted as a source of disruption for established business models, suggesting that the rise of FinTech leads to competitive upheaval in the financial sector, more recent studies argue that such interpretations are exaggerated. Here, we propose the emergence of a ‘coopetitive’ market ecosystem that combines co-operative and competitive connections between incumbents and challengers who often share the sameinfrastructure. FinTech firms are shown to function as catalysts in the transformation towards this ecosystem shaped by coopetitive interdependence between the actors.

U2 - 10.1093/ser/mwad046

DO - 10.1093/ser/mwad046

M3 - Journal article

JO - Socio-Economic Review

JF - Socio-Economic Review

SN - 1475-1461

ER -

ID: 360977772